When entering transactions for your Visa / Debit Card you will use the â€œWrite Checkâ€ (Quick Shortcut on Keyboard Ctrl W) option within Quickbooks.Â Choose what you like to refer to these transactions as either Debit or Visa.Â In the â€œNo.â€ field enter your preferred term for these transactions such as Visa.

Name the account using the financial institution name, Type of Account (Checking, Savings) last 4 of the account number, and the last 4 of the Visa/Debit Card number. (Exp. Wells Fargo Cking (1111 / 2222).Â This will help you ensure when recording transactions you are entering them into the correct account.Â A great example is when you use your Visa / Debit card the receipts normally always show the last 4 digits of the card number now you can quickly record this transaction to the correct account without having to dig out the Visa / Debit card to check the card number.

Create separate Bank accounts for any accounts that you receive Statements for this will help you reconcile your accounts and ensure that you are accounting for all of your bank transactions.

QuickBooks Help states you should use Bank accounts to track â€œChecking, savings, and money market accounts. Add one bank account for every account your company has at a bank or other financial institution. (You can also use this type for petty cash.)â€